STEPHEN M.

CARTA
221 Vineyard Point Road * Guilford, CT 06437 * 203-453-1191
sc616fb8@westpost.net

SUMMARY
Senior C-level executive with a successful track record in building and implemen
ting profitable financial service businesses. Developed strong teams of professi
onals by providing leadership, motivation, support and goal execution. Visionary
manager with the ability to determine market opportunities, develop new product
s, improve profitability, increase sales and enhance market penetration.
PROFESSIONAL EXPERIENCE

Consultant
2009 - Present
My consulting responsibilities include raising debt and equity capital for a var
iety of businesses along with the managerial oversight of various capital projec
ts. Specifically, I continue to play a leadership role in the execution of fina
ncial business plans, the development of key marketing/sales strategies, investo
r negotiations and team building.
Samoset Financial Services, Darien, CT 2008 - 2009
Chairman/ Managing Director/Member of Board of Directors
Through my leadership, I built the company's trust and bank initiative which inc
luded a national roll up strategy. This acquisition strategy identified and ana
lyzed trust companies and banks with assets from $500MM to $3BN throughout the c
ountry. Developed a new five year financial model that created a trust and priv
ate banking business with a return on equity in excess of 15% annually. Created
a new business, marketing and sales template to execute our business strategy.
Responsible for negotiating a $50MM bank facility for the company.
Harbor Bank and Trust (In Organization), Southport, CT 2006 - 20
08
President/Chief Operations Officer, Founder and Organizer
Developed a regional community banking strategy to build a $1 billion financial
institution focusing on private banking, wealth management and trust. This fina
ncial model offered premier customer service to professional business owners, en
trepreneurs, high net worth individuals and family offices.
Responsible for the successful completion of all documentation and procedures re
quired by the State of Connecticut to grant approval for a de novo bank charter.
Approval process included application, feasibility study, five year financial p
lan and public hearing.
Upon regulatory approval from both the State of Connecticut and FDIC, I establis
hed a marketing strategy to promote the bank and raised $15MM in capital. The es
tablishment of Harbor Bank as a start up required my leadership in the selection
of an investment bank, preparation of an offering circular, investment/marketin
g presentations to potential investors and the creation of a Board of Directors
that consisted of local community business leaders. Personally recruited and hir
ed an experienced senior management team. I implemented Harbor Bank's corporate
branding through public relations, advertising and special event presentations.
Initiated products and servicing capabilities, which included trust, wealth ma
nagement and private banking. Implemented federally required bank policies and
procedures; built out a 5,500 square foot "A" space commercial bank office, nego
tiated all required contracts, and evaluated a variety of core bank operating sy
stems.

Hudson United Bank, Westport, CT 2003 - 2005

President, Private Bank
As President of the private wealth management division, managed and established
the Company's private banking capabilities. Created and implemented a multi-fac
et sales/marketing growth strategy which resulting in greater brand awareness an
d a competitive market advantage throughout the region. Hudson United was a pre
mier Northeast banking institution based in Mahwah, New Jersey with $10
Billion in assets. Built a Private Bank business strategy where I significantly
grew trust, investment management and private banking assets to over $250MM wit
h a sales staff of four professionals.
Bank of America, Private Bank, Greenwich, CT 2001 - 2003
Senior Vice President/Market Executive
While at Bank of America, I launched the bank's first Private Banking initiative
in New England and grew private banking and trust assets to approximately $750
million. Established strong bank relationships with high net worth individuals,
family offices and businesses throughout the region. Implemented sales and mar
keting team of 15 professionals who were responsible for building a private bank
ing business in New England.
K2 Capital, New Haven, CT 1999 - 2001
Managing Director/Principal
As Managing Director of K2 Capital, a private equity firm specializing in altern
ative investments for high net worth individuals and family offices, I built and
managed a national sales effort which contributed to the success of raising a $
100 million private equity fund of funds.
Webster Trust (formally Sachem Trust), Guilford, CT 1993 - 1999
President, CEO/Board of Director of Trust Company
I joined Webster Trust Company as an executive upon the sale of Sachem Trust Com
pany, a National Trust Company of which I founded, organized and developed. Und
er my leadership and management, Sachem Trust became one of the largest independ
ent non depository trust companies in New England with approximately $350 millio
n in assets. After the sale of Sachem Trust to Webster Trust, I continued as a k
ey executive on the management team where I grew the trust, wealth management an
d private bank business to approximately $1BN in assets.
Previous Senior Management Positions
Directly responsible for a variety of businesses which included Private Banking,
Commercial Lending, Sales and Marketing and Trust/Wealth Management at Meridian
(Core States), Connecticut National Bank (Hartford National Bank) and Society N
ational Bank (Key Corp).
EDUCATION
University of Pennsylvania, B.A., Philadelphia, PA
University of Copenhagen, Copenhagen, Denmark (Junior Year Abroad)
Graduate School of Credit and Financial Management at Tuck Business School, Dart
mouth College, Hanover, NH
AFFILIATIONS
Lane Industries is one of the nation's largest heavy civil and transportation co
ntractors with revenues in excess of $1BN located in Cheshire, Ct.
Director / Chairman of the Audit Committee and Investment Banking Committee